The Coninagro farm confederation is pressing for the removal of export duties on beef, poultry and sheep meat after the government signaled that soy and corn duties will rise again from June 30 unless changed within 30 days. Beef exports currently pay a 6.75% duty.
Expected higher soy and corn export duties could slow Argentine grain sales and support prices abroad, while meat duty cuts would help Argentine beef and poultry exports compete.
After 356 past bullish policy events, Soybeans moved a median +0.1% over 5 sessions (53% higher; middle half -1.2% to +2.3%), and -0.9% over 20.
After 318 past bullish policy events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% over 20.
After 102 past neutral policy events, Live Cattle moved a median +0.6% over 5 sessions (63% higher; middle half -0.7% to +1.2%), and +1.3% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.